The financial news your business needs ! Check it out here: Business Bulletin Autumn 2017
The KeyPay developer team has had a busy start to 2017! They’ve got a heap of upgrades and new releases to show you. WorkZone updates: Timesheets for Android + Unavailabilities. Employees can now enter timesheets from WorkZone with Android, as well as iOS! Previously only accessible via the web based employee portal, employees can now […]
KeyPay will be updated before 1st January to accommodate this legislation. To obtain the new tax rates, there will be a new option on the tax file declaration page: This option is only enabled if the ‘Australian resident for tax purpose’ option is unticked. Please note that The ATO does not require the submission of […]
To comply with the changes, you’ll need to use the terminate process in Xero to remove the employee and then add them back. In the meantime you’ll also need to set up a withholding variation for these employees in Xero, until Xero has added the new tax tables. Set an end date on existing employee […]
Question: How do I create a tax scale for the recently introduced “Backpacker Tax”? Solution: Set the Employee Tax Scale to Voluntary/Flat Rate and enter the rate of 15%. The Issue In December 2016 the Australian Government finalised the re-categorisation of foreign visitors on working holiday visas (“backpackers”) for PAYG withholding purposes, from parity with […]
Question: How do I create a tax scale for the recently introduced “Backpacker Tax”? Solution: Set the Employee Tax Details to Tax Code 8-No TaxC and the Tax% field to 15%. The Issue In December 2016 the Australian Government finalised the re-categorisation of foreign visitors on working holiday visas (“backpackers”) for PAYG withholding purposes, from […]